Africa's Shift Towards Renewable Energy: A Review of Progress and Investments
Key Ideas
  • Africa is embracing electricity liberalization, with countries like Kenya, Ethiopia, and Tanzania making significant progress in renewable energy and rural electrification.
  • Southern Africa leads in renewable energy development, with Namibia focusing on green hydrogen generation using its abundant solar and wind resources.
  • Western and Central Africa are progressing with natural gas, renewable energy, and green hydrogen initiatives, while North Africa is transitioning towards renewables alongside oil and gas sectors.
  • Nigeria, Senegal, Ghana, DRC, and Cameroon are among the countries investing in various renewable energy projects to enhance energy access and security in their regions.
The Africa Energy Review 2024 by PwC highlights the continent's increasing focus on electricity liberalization and renewable energy development. In East Africa, countries like Kenya, Ethiopia, and Tanzania are advancing renewable energy projects and rural electrification efforts. Kenya, with projects like the Lake Turkana Wind Farm, has achieved significant electricity access and aims for 100% renewable generation by 2030. In Southern Africa, Namibia stands out for its emphasis on green hydrogen generation leveraging solar and wind resources. Western and Central Africa are making progress in energy development through natural gas, renewables, and green hydrogen initiatives. North Africa is evolving its energy landscape by transitioning towards renewables while maintaining strong oil and gas sectors. Nigeria, Senegal, Ghana, the DRC, and Cameroon are actively investing in various renewable energy projects to enhance energy access and security in their respective regions. The report emphasizes collaboration between the government and private sector to overcome financing and infrastructure challenges. Key players like Egypt, Algeria, and Morocco are utilizing their resource wealth to shift towards renewables. Egypt aims to generate 42% of its electricity from renewables by 2035, focusing on solar projects like the Benban Solar Park. Morocco targets over 52% renewable generation by 2030 with a focus on large-scale solar and wind projects. Despite challenges, Africa's energy landscape is evolving towards cleaner and more sustainable solutions, driven by investments in renewable energy projects.
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